India’s homegrown news reader app, NewsHunt has secured USD 16.5 million (INR 1 billion) in Series B funding led by Sequoia Capital with participation from existing investors Matrix Partners India and Omidyar Network. It currently publishes in 12 languages and covers 100 + regional publications. NewsHunt has more than 14 million monthly unique users who browse more than 1.7 billion pages each month and it published 25000 + articles daily.
Launched in 2010, the app has more than 55 million downloads and counting. Last year, it had launched an ebookstore for publishers with over 4 million eBooks downloaded in the past 6 months, as per Tech in Asia report. Payments for ebooks are handled by the payment platform iPayy, which support carrier billing for virtual goods on some network.
NewsHunt works on all platforms and devices including J2ME, Symbian, Blackberry, Android & iOS and for a direct access click here.
“The era of the real Indian mobile internet written and consumed in local language is just beginning. We aim to serve local language users and give them world-class products starting with NewsHunt, eBooks and iPayy. Our vision is to create a made for India platform and work closely with publishers, developers, OEMs and other ecosystem partners to digitize, distribute and monetize the consumption of local language,” said Viru Gupta, co–founder and CEO of NewsHunt.Category Business Investments Startups